why is 1982 lafite so expensive

Chteau Lafite Rothschild in Pauillac, France, Get the best stories from Christies.com in a weekly email, *We will never sell or rent your information. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. Today, Lafites 112-hectare vineyard consists of three main areas: the slopes around the Chteau, the adjacent Carruades plateau to the west and a 4.5 hectare plot in the neighbouring commune of Saint Estphe, which historically has been allowed into Lafite and thus the Pauillac appellation. why is 1982 lafite so expensive. The core is plummy and rich, with notes of bramble and earth, but then a creamy layer of blackcurrant adds to a fleshy mid-palate. This wine is made from a blend of 87 percent Cabernet Sauvignon and 13 percent Merlot, according to the Chateau Lafite Rothschild Pauillac 2010 label. 12 bottles per lot. Having already established a presence in Japan, Taiwan, and the more independent Asian mainland cities of Hong Kong and Shanghai, they saw China as the next big market, as soon as Communist rule permitted it. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. Chateau Lafite-Rothschild, 1787 . Subscribe to our magazine to stay in the know. 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I told them, Sprite tastes better without Lafite, and Lafite tastes better without Sprite. Nevertheless, the 1982 sold well among government dignitaries and oligarchs looking for the perfect gift, even if they never really intended to drink it. Four different kinds of cryptocurrencies you should know. Simply put it, it's just so good! The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. The vintages are well-known and highly regarded by wine experts. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. Although Lafite was still somewhat unknown in China, it had been a household word around the world for centuries, dating its history back until at least the 1200s. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Its not a blockbuster year but the tannins and the fruit were ripe and we should see wines at the same quality level as 2012 (an underrated year in my book) or perhaps 2014. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. This bottle was a Bordeaux, a 1787 Chateau Lafite, and, according to The Guinness Book of World Records, 18 years later it still is the world's most expensive bottle of wine.Its great age alone . Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. The bottle of 1869 with an estimated price of $8,000? The 1982, considered one of the best vintages of last century, was the most expensive lot fetching $42,350, including a 21 percent commission known as buyers premium. No. There are a few factors that contribute to the high cost of Lafite wine. Some less well equipped estates had trouble controlling fermentations during the hot weather, but this was not an issue at Lafite. Found to be the most expensive wine in the world on the market currently, Henri Jayers Richebourg Cru taking top spot has surprised oenophiles everywhere, with many assuming a Romanee-Conti would take poll position. Artists work is not compensated in the same way that other types of work are, but they are given a box of wine with their own vintage. But Salin had something up his sleeve that he hoped would give the auction a boost. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. [7][8], At the 5 December 1985 Christie's auction, a new record price of approximately US$156,000 was paid for a bottle of wine a 1787 Chteau Lafite which was thought to be owned by Thomas Jefferson. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. 2022 Distillery.Sale All rights reserved. Fourth, Lafite is one of the most prestigious wine producers in the world. It simply oozes class. So, what makes Lafite wine so expensive? The 1982 vintage is one of the best wines I have had the privilege to taste when it is on song, with impressive concentration of cassis fruit character with the classic cedar and cigar box aromatics, supremely well balanced and the finish went on and on a truly impressive wine! articles a month for anyone to read, even non-subscribers! 1982 Chateau Lafite Rothschild Pauillac, France Avg Price (ex-tax) $ 4,076 / 750ml Red - Savory and Classic 4.5 from 43 User Ratings 95 / 100 from 13 Critic Reviews All 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Prices Profile Reviews Vintages Analytics 194 Prices Compact view Acker Merrall & Condit Auction USA: (NY) New York The remaining vintage years of the 21st century have all otherwise been reasonable quality, although the 2013, 2010 and 2005 stand out above the rest. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. A 200-year-old bottle of 1811 Chateau dYquem was sold by The Antique Wine Company in London, to a private collector who now displays the wine in his restaurant in Bali in a bullet-proof, temperature-controlled showcase. As the room filled up, Christoph Salin must have wondered if his bold strategy would pay off, because the stakes could not have been higher. You can find out more about which cookies we are using or switch them off in settings. Firstly, there is the 1982 vintage. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. In Bordeaux, as almost anywhere else in the world of fine wine, wines get more expensive as they get older, and that effect accelerates the older the wine becomes. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Chteau Only twelve copies of this doll were made by Mattel. The wineries of SLO Wine Country boast an average distance of just five miles from the Pacific Ocean, resulting in prevailing marine conditions that are among the most pronounced of any wine region in California. A bottle of Lafite Rothschild costs around $500. Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. The move helped establish Lafite as a leader in the market. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. 6 bottles per lot. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. So, what makes Lafite wine so expensive? The consumer price index jumped 6.8% from a year earlier, the fastest pace since 1982, as prices surged for staples such as food and gasoline, new and used cars, rent and physicians' services . Just as the 1990 Cheval Blanc is outrageously expensive, driven by Middle Eastern oil tycoons (NB: the current price is 7,032, higher than the '82), so is the price of Romane-Conti in Burgundy, France, at the very top of the pyramid, not only because of the tiny production of around 3,600-6,000 bottles (NB: Lafite's production is around 200,000 bottles) but also, it is said, because in the 1980s speculation by the Japanese when their economy took off. This term has been used in the past with disastrous results. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. As our search for the world's most popular wines nears its end, we visit one of the great regions. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. The wines have a vibrant acidity and a firm tannic structure which enables the wines to age gracefully over many decades in the successful vintages. And it was our thank you to China for helping us through the years.. Cask tastings revealed a vintage of almost Port-like richness and weight. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. Why is the 82 Lafite so expensive? Although it eventually cooled after reaching. If you disable this cookie, we will not be able to save your preferences. More shipping infoShipping info. The winning bid was by far the highest price ever paid for a single bottle of wine. For me, the magic of Bordeaux requires patience, the wines need time to evolve their complex secondary and tertiary characteristics of cedar, leather and tobacco. The most important thing for Chinese people is their face. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. Californias Best-Kept Wine Secret: Santa Cruz Mountains, The Bottles That Shaped Tony Parkers Love of Wine, Heavy Metal Fans Drink Muscadet and You Should Too, Get to Know Portugals Stunning White Wines. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. Check with the merchant for stock availability. Should go on for decades. Long-term drinking is supported by both the short and long-term use of mixed formats. Mixed formats support both near- and long-term drinking. Rather more closed on the nose. Third, Lafite ages its wine for a longer period of time than most other producers. Not only was the wine famous, it was also a First Growth chateaux. The 2005 and 2000 vintages of Carruades de Lafite have skyrocketed in price due to increased demand from China, with the 2005 vintage fetching more than 10,000 per case and the 2000 vintage fetching nearly 12,000. He claims that the 10s brought a new energy to structure. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. The recent story about the world's most Googled beer doesn't appear to add up. (Some up north on the left bank are even mentioning 2015). The style of wines proved a terrific shot in the arm for claret, especially on the US market. Prices for Carruades de Lafite rose dramatically due in part to Chinese demand, with the prices of its 2005 and 2000 vintage fetching over 10,000 per case. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. 2010 saw a return to form. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The night had turned into a bidding frenzy, with price after price shattered. Some estates overcropped as the yield was generous, but dilution was rare. But Salin had something up his sleeve that he hoped would give the auction a boost. The first two bottles of the lucky 2008 vintage, with an estimated lot price of $6,000 to $8,000, sold for $34,316 each. [21], GBP closed at ~$1.48 on the day of the auction per, For the controversy, which is still unresolved, see, Last edited on 19 February 2023, at 22:59, "The Most Expensive Wine Ever Sold at Auction", "History | Domaines Barons de Rothschild (Lafite)", "CHATEAU LAFITE 1787 - The World's Most Expensive Wine", "Saskia de Rothschild On Building a Winemaking Empire - Maxim", "Worldwise: Vintner Saskia de Rothschild's Favorite Things", "A bottle of 1787 wine apparently bottled for Thomas", "Wine Lover's Nose For Fakery Leads To Famed Bottles", "Chteau Lafite cracks open its first Chinese vintage", "Chateau Lafite Rothschild, Pauillac, France: prices", "Lafite-Rothschild 2008 Falls to $8,800 Five-Month Low on Liv-Ex", https://en.wikipedia.org/w/index.php?title=Chteau_Lafite_Rothschild&oldid=1140398124, This page was last edited on 19 February 2023, at 22:59.